Commerzbank is the First German Bank to Successfully Carry Out Live Transactions on Trade Finance Network Contour
- 1 year 7 months ago
- Trade Finance
Commerzbank is the first German bank to have completed a blockchain-based Letter of Credit (LC) transaction for its client, Ascentex Exim LLP, a Singapore-based textile trader, on Contour, a digital trade finance platform. The LC was issued for a shipment of rubber threads from Thailand to Krungthai Bank. Contour’s decentralised platform resulted in significant time and cost savings within this process.
Simpl Introduces Pay After Delivery to Enhance Trust and Convenience for Millions of Customers
- 1 year 7 months ago
- e-Payments
Simpl, India's foremost Checkout Network, today announced the introduction of its innovative Checkout offering, Simpl Pay After Delivery (SPAD) to enhance trust and convenience for millions of customers across the country. With this capability, consumers can choose Simpl Pay After Delivery at the time of checkout which triggers payment only upon successful delivery of the shipment.
Near Foundation Partners with Blumer, Colombia’s First Web3 Social Network
- 1 year 7 months ago
- Blockchain
The NEAR Foundation today announced a new partnership with Blumer, a social platform that combines the functionality of popular social networks with blockchain. The partnership is expected to bring about a new era of social media, where users are rewarded for their active participation.
New Report Finds that SMEs are Struggling with Unfair Pricing and Slow Cross-border Payments
- 1 year 7 months ago
- Payments
A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. The report entitled ‘Growing pains: the escalating cross-border payment challenges for SMEs’, highlights that traditional banking partners are failing to meet SMEs’ cross-border payments needs.
Banks in APAC are Losing Out to New Customers Due to Slow Transformation, 10x Banking Finds as They Announce Expansion Plans in the Region
- 1 year 7 months ago
- Banking
10x Banking (10x), the global, cloud-native core banking platform, today announced its plans to accelerate the company’s growth in APAC fuelled by a landmark study revealing that a third of banks in key markets across the globe are losing large numbers of their customer base to rivals due to slow transformation.
Provenir Names Richard Kern to Lead Global Professional Services
- 1 year 7 months ago
- Risk Management
Provenir, a global leader in data and AI-powered risk decisioning software, today announced the appointment of Richard Kern as Senior Vice President of Global Professional Services. As the head of Provenir's global professional services team, Kern is responsible for overseeing client delivery services, including implementation and design, strategic consulting, and training services for all Provenir customers in 50 countries worldwide.
InvestEngine Partners with TrueLayer to Bring Open Banking-powered Variable Recurring Payments to UK Investing
- 1 year 7 months ago
- Open Banking
Exchange-traded funds (ETF) investment platform, InvestEngine, and leading open banking payments network, T
Form3 Completes Certification for Federal Reserve’s New Instant Payment Service
- 1 year 7 months ago
- Payments
Form3, the cloud-native account-to-account platform, today announced that is among the first in the industry to complete testing and certification for the FedNowSM Service, the Federal Reserve’s new instant payment offering that launched on July 20, 2023.
Monese’s XYB selects Paymentology to Power it’s Coreless Banking Platform
- 1 year 7 months ago
- Banking
Paymentology, the leading global issuer-processor, today announces its strategic global partnership with Monese’s XYB, an end-to-end ‘coreless’ banking platform provider, launched in May 2023, and poised to shake up the banking industry.
Azentio Software’s AML Transaction Monitoring Recognised by Celent as a Noteworthy Solution
- 1 year 7 months ago
- AML and KYC
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners - offering a range of innovative software products - has been featured in Celent’s recently published Technical Capabilities Matrix, a part of the report, Financial Crime Compliance Technology: AML Transaction Monitoring Edition – 2023.
UAE Neobank Engine Creator Trigger Software And Swedish Sigma Software Group Become Technology Partners
- 1 year 7 months ago
- Digital banking
Dubai’s Trigger Software agreed to work together with Sigma Software Group on projects in the digital banking space. The strategic partnership between the two aims to fast-track projects in the digital banking sphere, empowering financial institutions to serve their clients more efficiently. With Trigger's cutting-edge solutions already aiding over 10 million clients worldwide and Sigma’s deep fintech expertise, this partnership signifies a new...
Ledgible Joins Security Token Advisors, Furthers Support of Tokenization Industry
- 1 year 7 months ago
- Cryptocurrencies
Ledgible, the prominent digital asset data, tax, accounting, and tokenization platform, is excited to announce its partnership with Security Token Advisors, a leading advisory firm in the security token industry. The collaboration between these two industry leaders will enhance the capabilities and offerings in the rapidly evolving field of tokenized accounting & data.
ASA Announces Quansight Initiate as Strategic Investor and Partner
- 1 year 7 months ago
- Personal Finance
ASA is an embedded fintech platform that connects financial institutions with customer-facing fintechs in a secure, compliant and easy-to-implement marketplace. The company today announced that industry pioneer Travis Oliphan
Medius Completes Acquisition of Expense Management Firm Expensya
- 1 year 7 months ago
- Management
Medius, a leading provider of accounts payable (AP) automation, has today announced that the acquisition of expense management software company Expensya is complete.
UK's FinTech Space Ranks Second Worldwide Despite a Funding Drop in H1 2023
- 1 year 7 months ago
- Fundraising News
Tracxn, a leading global SaaS-based market intelligence platform, has released its FinTech - UK Semi-Annual Funding Report - H1 2023. The report, which is based on Tracxn’s extensive database, provides insights into the UK FinTech space.
